1y return+17.1%S&P 500 +20.9%
3y return+50.8%S&P 500 +68.5%
5y return+40.2%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2018: $203 against $299 in the S&P 500.2
Gladstone Institutional Advisory LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| NVDANvidia Corporation | $84.7M | 2.7% | +1.8% |
| IVVIshares Tr | $83.1M | 2.6% | +6.3% |
| AAPLApple Inc | $82.1M | 2.6% | +2.5% |
| BUFRFirst Tr Exchng Traded Fd Vi | $76.7M | 2.4% | +33.9% |
| VOOVanguard Index Fds | $67.1M | 2.1% | +2.5% |
| SPYState Str Spdr S&p 500 Etf T | $54.7M | 1.7% | |
| SPYMSpdr Series Trust | $52.2M | 1.7% | |
| SPTISpdr Series Trust | $51.2M | 1.6% | +10.9% |
| AMZNAmazon Com Inc | $47.7M | 1.5% | −1.5% |
| IVWIshares Tr | $45.7M | 1.4% | +2.8% |
| SPYGSpdr Series Trust | $42.4M | 1.3% | +3.0% |
| RDVYFirst Tr Exchange Traded Fd | $42.2M | 1.3% | +2.9% |
| MSFTMicrosoft Corp | $38.3M | 1.2% | +1.9% |
| SPYVSpdr Series Trust | $35.9M | 1.1% | −12.8% |
| IJHIshares Tr | $35.8M | 1.1% | +6.6% |
| GOOGLAlphabet Inc | $33.6M | 1.1% | +1.7% |
| IJRIshares Tr | $32.7M | 1.0% | +1.3% |
| PCTPurecycle Technologies Inc | $29.2M | 0.9% | +8.6% |
| GSYInvesco Actively Managed Exc | $29.2M | 0.9% | +24.2% |
| QQQMInvesco Exch Traded Fd Tr II | $28.8M | 0.9% | +1.4% |
| GSLCGoldman Sachs Etf Tr | $25.9M | 0.8% | |
| USFRWisdomtree Tr | $24.8M | 0.8% | −8.5% |
| QQQInvesco Qqq Tr | $24.8M | 0.8% | +3.7% |
| JPMJpmorgan Chase & Co | $23.9M | 0.8% | |
| LLYEli Lilly & Co | $23.7M | 0.7% | +5.5% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | June 30, 2020 | +2006.7% | $84.7M |
| AVGOBroadcom Inc | March 31, 2021 | +714.7% | $21.7M |
| LLYEli Lilly & Co | March 31, 2021 | +542.0% | $23.7M |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $33.6M |
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $19.7M |
| JPMJpmorgan Chase & Co | June 30, 2020 | +248.0% | $23.9M |
| AAPLApple Inc | June 30, 2020 | +217.3% | $82.1M |
| QQQInvesco Qqq Tr | June 30, 2020 | +197.4% | $24.8M |
| QQQMInvesco Exch Traded Fd Tr II | December 31, 2022 | +176.6% | $28.8M |
| IVWIshares Tr | June 30, 2020 | +165.1% | $45.7M |
Sold off last quarter
- AEMAgnico Eagle Mines Ltd was $5.2M
- SIXJAim Etf Products Trust was $1.3M
- Honeywell Intl IncCUSIP 438516106 was $1.3M
- NKENike Inc was $1.0M
- BTQBtq Technologies Corp was $721K
- Carnival CorpCUSIP 143658300 was $616K
- INCYIncyte Corp was $573K
- Invesco LtdCUSIP G491BT108 was $494K
- WLDNWilldan Group Inc was $429K
- Elbit Sys LtdCUSIP M3760D101 was $413K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +11.9% | +14.8% |
| March 31, 2026 | −3.2% | −4.6% |
| December 31, 2025 | +1.3% | +2.4% |
| September 30, 2025 | +6.8% | +7.8% |
| June 30, 2025 | +9.8% | +10.5% |
| March 31, 2025 | −4.0% | −4.6% |
| December 31, 2024 | +0.7% | +2.1% |
| September 30, 2024 | +5.5% | +5.4% |
| June 30, 2024 | +1.7% | +4.0% |
| March 31, 2024 | +7.8% | +10.0% |
| December 31, 2023 | +9.2% | +11.2% |
| September 30, 2023 | −4.0% | −3.6% |
| June 30, 2023 | +5.5% | +8.3% |
| March 31, 2023 | +5.3% | +7.0% |
| December 31, 2022 | +6.3% | +7.1% |
| September 30, 2022 | −5.2% | −5.3% |
| June 30, 2022 | −15.2% | −16.5% |
| March 31, 2022 | −5.9% | −4.9% |
| December 31, 2021 | +5.3% | +10.7% |
| September 30, 2021 | −1.2% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Gladstone Institutional Advisory LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1766530&type=13F-HR&dateb=&owner=include&count=40CIK 1766530
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1766530/000117266126002822/Filed July 27, 2026 · accession 0001172661-26-002822